Endorsement application Form 4(b) can be used for Region/State Investment Committee according to the Myanmar Investment Law.
After obtaining Endorsement, licenses or permits from relevant ministries, government agencies and organizations might be needed depending on the nature of the business or other requirements. Then five (5) copies of all approvals, licenses, permits, Joint Venture Agreements and the Land Lease Agreements shall be submitted to the MIC.
Wholly Foreign Investment can carry out the investment activities which not included in the list to form of a joint venture with any citizen owned entity or any Myanmar citizen according to notificationno.15/2017(c) of Myanmar Investment Commission.
According to the notification No.15/2017 the ratio must be 80% for the foreign and 20% for citizens.
Raw materials that cannot be obtained from local can be imported.
According to the Notifications No-86/2017, wood-based industry which uses raw materials from natural forest is being suspended.
Investor shall have to submit the agreement on production permit, using for brand and technical, inspection certificate of the parent company, Localization and production process for automobile manufacturing.
In accordance with the notification No.85/2017, MIC allow the permit for automobile manufacturing by the new SKD system.